In July 2024, the seasonally adjusted unemployment rate rose to 4.7%, up from 4.5% in June 2024 and from 4.3% in July 2023, according to the latest figures from the Central Statistics Office (CSO) This increase reflects shifts in the job market affecting various demographics.
Breakdown by Gender
- Males: The unemployment rate for men increased to 4.7% in July 2024, up from 4.5% in both June 2024 and July 2023.
- Females: Women’s unemployment rate rose more sharply to 4.8% in July 2024, from 4.5% in June 2024 and 4.1% in July 2023.
Age Group Insights
- Youth Unemployment (15-24 years): This group saw a significant rise in unemployment, reaching 11.4% in July 2024, up from 10.4% in June 2024.
- Adults (25-74 years): The unemployment rate for this age bracket increased slightly to 3.7% in July 2024, from 3.6% in June 2024.
“In light of the rising unemployment rates, especially among youth and women, our mission at Recruit.ie becomes even more critical. We are committed to connecting job seekers with opportunities that align with their skills and aspirations. It’s essential to provide targeted support and resources to help individuals navigate these challenging times and secure meaningful employment,” says Bronagh Cotter, CEO of Recruit.ie.
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